{"id":19484,"date":"2016-04-04T10:35:02","date_gmt":"2016-04-04T15:35:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19484"},"modified":"2016-04-04T10:35:02","modified_gmt":"2016-04-04T15:35:02","slug":"illinois-on-the-brink-of-bankruptcy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19484","title":{"rendered":"Illinois on the Brink of Bankruptcy"},"content":{"rendered":"
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Illinois on the Brink of Bankruptcy\u00a0<\/a><\/h3>\n<\/div>\n
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The Hunt for Taxes<\/strong><\/div>\n<\/div>\n<\/div>\n
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\"illinois<\/a><\/p>\n

The pension crisis is brewing and the one state that appears to be heading toward a complete bankruptcy is Illinois. Clients should not own ANY debt from Illinois, be it city, municipal, or state. Just get out before the curtain falls. The\u00a0Illinois Constitution plainly states that pension benefits, once granted, \u201cshall not be diminished or impaired.\u201d Thus, taxpayers are absolutely screwed and this is not a place you want to own property. Governments cannot negotiate to reduce pensions so state workers will be pitted against taxpayers. The Supreme Court has\u00a0struck down<\/a>\u00a0any attempt to reduce liabilities based upon this clause in the Illinois Constitution.<\/p>\n

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Illinois on the Brink of Bankruptcy\u00a0 The Hunt for Taxes The pension crisis is brewing and the one state that appears to be heading toward a complete bankruptcy is Illinois. Clients should not own ANY debt from Illinois, be it city, municipal, or state. Just get out before the curtain falls. The\u00a0Illinois Constitution plainly states […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,1361,181,195,9989,3076,5479,12248,1816,783],"class_list":["post-19484","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-bankruptcy","tag-crisis","tag-debt","tag-illinois","tag-insolvency","tag-martin-armstrong","tag-pension-crisis","tag-pensions","tag-taxes"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19484"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19484\/revisions"}],"predecessor-version":[{"id":19485,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19484\/revisions\/19485"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}